Charles Schwab Earnings Miss, Revenue Inline In Q1
Investing.com - Charles Schwab (NYSE:SCHW) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Charles Schwab announced earnings per share of $0.62 on revenue of $2.62B. Analysts polled by Investing.com anticipated EPS of $0.63 on revenue of $2.62B. That with comparison to EPS of $0.69 on revenue of $2.72B in the same period a year before. Charles Schwab had reported EPS of $0.62 on revenue of $2.61B in the previous quarter. Analysts are expecting EPS of $0.51 and revenue of $2.42B in the upcoming quarter.
Charles Schwab shares are down 23% from the beginning of the year , still down 29.89% from its 52 week high of $51.65 set on December 12, 2019. They are under-performing the S&P 500 which is down 12.29% year to date.
Charles Schwab shares lost 3.07% in pre-market trade following the report.
Charles Schwab follows other major Financial sector earnings this month
Charles Schwab's report follows an earnings missed by JPMorgan on Tuesday, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $2.28 on revenue of $29.53B.
UnitedHealth had beat expectations on Wednesday with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.18B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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